{"id":456651,"date":"2018-01-15T11:26:05","date_gmt":"2018-01-15T11:26:05","guid":{"rendered":"https:\/\/www.financialafrik.com\/?p=456651"},"modified":"2018-01-15T11:26:05","modified_gmt":"2018-01-15T11:26:05","slug":"morocco-controlled-flexibility-of-the-dirham","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/01\/15\/morocco-controlled-flexibility-of-the-dirham\/","title":{"rendered":"Morocco: controlled flexibility of the dirham"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>It&#8217;s not the revolution. The Moroccan currency, the dirham, will evolve from Monday 15 January on a range of fluctuation of \u00b1 2,5% against \u00b1 0,3%, said the spokesman of the government Mustapha El Khalfi at the end of the meeting of the Council of the government.<span id=\"more-456622\"><\/span><\/p>\n<p>The decision initially planned in July 2017 then postponed against a backdrop of polemics was taken by Mohamed Boussaid, Minister of Economy and Finance, in consultation with Bank Al Maghrib (Central Bank).<\/p>\n<p>&#8220;The reform of the exchange rate regime aims to strengthen the resilience of the national economy to exogenous shocks, to support its competitiveness and improve its level of growth,&#8221; says the Ministry of Finance in a statement on Friday 12 January in end of the day, at the close of the markets.<\/p>\n<p>&nbsp;<\/p>\n<p>With this new exchange rate, the parity of the dirham will be determined in relation to a central rate set by Bank Al-Maghrib on the basis of a basket of currencies made up of the euro and the US dollar at the level of 60% and 40%<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>It&#8217;s not the revolution. The Moroccan currency, the dirham, will evolve from Monday 15 January on a range of fluctuation of \u00b1 2,5% against \u00b1 0,3%, said the spokesman of the government Mustapha El Khalfi at the end of the meeting of the Council of the government. The decision initially planned in July 2017 then<\/p>\n","protected":false},"author":536284,"featured_media":456623,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12000,11996],"tags":[12857,12855,12340],"class_list":{"0":"post-456651","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-banks-insurance","8":"category-finance-en","9":"tag-dirham-en","10":"tag-moroccan-currency","11":"tag-morocco-en","12":"post_format-post-format-aside","13":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Morocco: controlled flexibility of the dirham - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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